After losing nearly half of its value in a week, LUNA experienced a small return compared to its all-time highs around $100, but it was extremely profitable for short-term traders.
LUNA rose 700 times from its floor price after reports that developer Terra had plans to “revive” its ecosystem, despite its supply growing to 6.9 trillion tokens.
Many people were taken aback by the price movement.
Despite the fact that trading on the major exchange Binance is on pause then, LUNA/USD still an extremely dangerous portfolio addition. Of course, with prices fluctuating dramatically from minute to minute and between trading platforms.
Those that bought in frequently over the week, on the other hand, experienced near-total losses on their positions.
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